Money Mindset
This is your attitude and belief about money
What is a Money Mindset?
Money earned from working a job.
What is Income?
A bank account use for daily spending.
What is a Checking Account?
A number that represents your credit risk.
What is Credit Score?
The cost of borrowing money.
What is Interest?
This type of spending happens without planning or thinking.
What is impulse spending?
Money taken out of your paycheck for federal programs.
What are taxes?
A bank account designed to grow money with interest.
What is a Savings Account?
The most important factor in your credit score.
What is payment history?
This type of interest is calculated only on the original principal.
What is Simple Interest?
Dave Ramsey says this is the key to winning with money.
What is behavior (or self-discipline)?
This document shows your earnings and deductions.
What is a pay stub?
This protects your money in a bank up to $250,000.
What is the FDIC insurance?
* DAILY DOUBLE *
This agency tracks your credit history.
What is Credit Bureau?
This type of interest grows on both principal and previous interest.
What is Compound Interest?
This money is set aside for unexpected expenses.
What is an emergency fund?
This tax funds retirement benefits for older Americans.
What is Social Security?
This happen when you spend more than you have in Checking.
What is Overdraft?
Using too much of your available credit hurts this.
What is credit utilization?
The total amount borrowed before interest.
What is principal?
This Baby Step requires saving $1000 quickly.
What is the Baby Step 1?
* DAILY DOUBLE *
The total amount earned before taxes are taken out.
What is Gross Income?
A tool used to plan how every dollar is spent.
What is a Budget?
The score range considered excellent credit.
What is 800-850?
The formula term for the yearly interest rate.
What is APR (Annual Percentage Rate)?